The final trading week of the month kicked off with stocks sliding on Monday, setting investors up for a losing month where much of the optimism of the early summer has fizzled into more tempered expectations of the Fed’s tightening campaign.
U.S. equity futures struggled for direction as risk appetite cooled from last week’s rally. The yen weakened after the Bank of Japan made its first unscheduled bond purchases in months.
1. This week started the second straight session we saw stocks keep rallying as Big-Tech earnings loom. Traders also consider whether the Federal Reserve would slow its pace of interest-rate hikes after assessing weak economic data that was released today. More than 80% of stocks in the S&P 500 index closed in green on Monday,…
1. Market volatility continued this week as Russia’s onslaught against Ukraine raged on and central banks around the world shocked markets with unexpected rate moves. In the U.S., the West Coast port of Oakland has been virtually shut down as truckers protest California’s gig labor law, which classifies workers as employees and not independent contractors.…
Physical precious metals have a long and storied history of being viewed as hedges against times of economic and geopolitical uncertainty.
As volatility in other areas continues to escalate and prices continue to climb in other products and commodities, many investors are looking at physical precious metals with renewed interest and have continued to acquire the product.
Savvy investors know well that gold and silver are instrumental in shielding capital and keeping their portfolios well diversified.